Thursday, May 30, 2019
Michael Faure has posted to SSRN An Economic Analysis of Product Liability. The abstract provides:
This chapter in a book on European product liability provides a summary of the economic approach to product liability. The economic theory of product liability based on the Coase Theorem is explained. Next, product liability when damage is suffered by third parties is analyzed. Specific attention is paid to the EU Product Liability Directive and to more recent literature.